Mortgage News

Get the answers to common 2022 FHA loan questions, credit requirements and eligible properties.

Buying for your first home is a huge decision and can be confusing for first-time home buyers– but we’re always here to help.

If you’re a veteran or active duty U.S. military, a VA loan is unquestionably the best loan option for you. But what makes them different?

FHA guidelines, and in particular the maximum loan amount, change annually. If you’re looking for a robust detailing…

We offer no closing cost mortgages for both purchase and refinance. But how do they work? Is there a catch?

Whether you’re purchasing a new home or refinancing your current mortgage, if you want the transaction to move as quickly…

Getting pre-approved for a mortgage is an important first step. In fact, some realtors will insist you have a pre-approval before touring homes…

There are no shortage of mortgage options. From conventional loans to FHA loans to VA or USDA. But which is right for you?

Mortgage rate shopping is an essential part of the mortgage process. Will doing so ruin your credit? What should you look for?

Florida Home Funding’s FHA loan expert breaks down what you need to know about Florida FHA guidelines in less than a minute.

Get no bull**** straight talk and all your mortgage options from Shahram Sondi, your Florida mortgage expert.

When it comes to finding the best mortgage for investment properties in Florida, there are two types of investors; those who are new to the game and those who are seasoned. In either case you’re going to be affected by a few of the same factors when it comes to getting the best investment property…

Flipping a home can take anywhere from 6 months to 2 years. This means you will want a mortgage option that comes with the least amount of up-front costs and the lowest investment property rates in the short-term. Many mortgage lenders will advise you to opt for an adjustable rate mortgage (ARM). ARMs offer an…

If you’re buying an investment property so that you can rent it out or lease it to other people, you will be holding the mortgage loan in your name for some time. The lower your monthly mortgage payment, the more profit you stand to make from the rent you collect every month. Bottom line, you…

Home purchases have made a comeback this year as the economy continues to recover and consumers return to the market. While many of these purchases are cash deals, most first time home buyers do not have the means for a cash transaction. However, there are several Florida mortgage loans available for first time home buyers…

Getting the lowest FHA mortgage rates is often a challenging task for first time home buyers.  The biggest mistake first time home buyers make is assuming that the big banks or lenders care about them and will offer them the best deal.  Everyone in the mortgage business is in the business of making money, and…

Many people don’t know where to turn when they need a mortgage, whether for a home purchase or refinancing. The obvious choice is most likely to be your local bank, although this may not be the best choice. Mortgage lenders or banks can be limited in what types of mortgage products and programs they offer…

Jumbo loans are more common today since building larger homes in residential areas has become easier and more acceptable. When someone needs a mortgage for a home that has a higher market value or is located in a high-cost area, they often need a jumbo loan. High cost areas are normally within metropolitan areas or…

The #1 question first time home buyers ask is: How much mortgage do I qualify for? This is, by far, the wrong question to be asking.  They shouldn’t be basing their purchase price based on what mortgage they qualify for but instead, how much of a mortgage payment are they comfortable with paying every month.…

#1 mistake when searching “Mortgage Rates Today” The #1 mistake consumers make with the widely-searched term “mortgage rates today” is not knowing how to read the fine print and the multiple factors associated with determining accurate mortgage rates. The most deceptive advertised mortgage rates are either missing clear and conspicuous disclosures of the terms or have…

Purchasing a home for investment purposes has gained popularity, especially in Florida where many people look to rent both long-term and short-term. An investment property is basically any property that is one to four units which the borrower does not occupy. Sometimes a primary residential property becomes an investment property when the owner decides to…

HUD has made an effort to increase homeownership opportunities for borrowers that have experienced financial difficulties due to the recent economic downturn. They have expanded their underwriting guidelines to make qualifying for an FHA loan easier. As a result, it is easier for mortgage companies to meet the high demands of borrowers with damaged credit,…

What is a no closing cost mortgage? A no closing cost mortgage is simply an option that is typically offered by low-priced mortgage brokers when purchasing or refinancing a home.  It is not some special promotion and is available everyday for consumers that want to explore a no closing cost option.  Simply put, you get…

Our FHA streamline refinance program is incredibly easy and could allow you to lower your mortgage rate/payment with the entire process from start to finish taking as little as 21 days. In addition to our incredibly low FHA rates and fast closings, you have the ability to skip two (2) months of mortgage payments.  It doesn’t…

Can you believe the delayed, skewed jobs report?  The business survey shows 204,000 new jobs while the current population survey (source) shows a net loss of 735,000.  Is the media and the market blind? Are they ignoring certain numbers or are we just wanting to fool the American people about how the economy is improving…

While most people may think that everyone is at least eligible for a mortgage, this is not necessarily the case. Mortgages have eligibility guidelines, as well as, qualifying guidelines, both of which have different meanings. Many people may be eligible, but they may not qualify. Usually, documentation for proof of eligibility is always required at…

When it comes to mortgages, there are a lot of guidelines that must be followed, all of which must come together in order to receive an approval. For many borrowers, this information is new to them and can be overwhelming. For instance, most people know what a down payment is, but not many know about…

Stay away from vultures that try to rob you out of your savings. Learn some of the ins and outs of the mysterious mortgage lending world from Florida Home Funding to help you get the best HARP Program rates. If you currently owe more on your mortgage than what your home is worth, chances are…

Florida Home Funding reveals how a one point difference on a credit report can cost almost $18,000.00 in finance charges on a mortgage loan. The credit score is the primary factor in determining what rates the banks and mortgage lenders offer to consumers. So, is it a coincidence that errors on credit reports are helping to increase…

Not much is happening today with markets being mostly flat to slightly higher. Anticipation for next week’s FOMC meeting may be holding back any investment moves. Durable goods rose 3.7% in September which was above forecast. On the other hand, Consumer Sentiment fell to 73.2 which is the lowest since December 2012. Neither of these…

Purchasing a condo that needs financing is not as easy as purchasing a single family home. After the housing crisis, lenders put up roadblocks for condo mortgage approval not only because of defaults, but also due to condo association issues. As the housing market improved, condominium financing in Florida has returned and is possible as…

A mortgage calculator can be a great tool for helping someone figure out an estimate of their monthly mortgage payment. Even though it is not exact, it can give anyone an idea of whether they can afford a mortgage. Because the qualifying process is part of determining the interest rate, no one should totally rely…

Florida will distribute about $350 million towards homeowners by way of principal reduction on their current owner occupied residence. The number of people who will receive help depends on how much each homeowner will receive.  However, there are many stipulations that factor into whether or not you will be able to take advantage of this…

If you are looking for a mortgage payment calculator, be sure to read our post on mortgage calculator as it provides useful tips on how to find the best mortgage payment calculator and not waste time by providing your personal information just to be able to determine what your payment will be based on a…

A mortgage calculator can be found pretty much on any mortgage companies’ website.  Regardless of which mortgage calculator you use, you are going to get the same results.  Stay away from mortgage lenders that try to collect your personal information prior to displaying results for your mortgage calculator use.  If all you are trying to…

Interest rates on mortgage loans are not set by the government and vary from mortgage lenders to mortgage broker based on loan amount, credit scores and amount of down-payment or equity.  Secondly, based on how much profit the mortgage company anticipates on making determines what interest rates are being offered to mortgage loan applicants such…

Mortgage rates not only vary from mortgage lender to mortgage broker.  But they also vary depending on the state that you live in.  For instance, when searching on Google for lowest mortgage rates in Florida does not mean the same mortgage rate applies to a first time home buyer in California.   When searching for the…

If you are just searching the term “loans” in Google, you are doing yourself an injustice because your search results will include everything from personal to mortgage loans.  Be sure to be a little more specific on what type of loan you are looking for.  If you are trying to get a mortgage loan you…

When searching for the term “bank rate”, you may benefit from a more specific search term such as “best bank for mortgage rates” or “bank rate for mortgage loans”.  If you simply search the term “bank rate” in Google, you will be bombarded with ads and results ranging from commercial bank rate to auto loan…

Florida VA loans are designed to give our military whether active or retired the benefit of purchasing a home with zero down payment and no mortgage insurance.  You may wonder how they can offer 100% financing.  They do this by applying a funding fee that is paid directly to the Department of Veteran Affairs.   The…

Many Orlando Florida area home owners are frustrated by national and Florida mortgage companies over the HARP program. They are disappointed because they can’t refinance under President Obama’s Home Affordable Refinance Program.  If you currently owe more on your home mortgage than the value of your home then you need to read this.  Don’t get…

Are you a first time home buyer?  Have you been on the fence on whether this is a good time to buy a home in Florida? You need to read this first time home buyer alert.  Mortgage rates have been on the rise for the last two months.  The mortgage rates have gone up almost…

For instance, there is no doubt that quicken loans is one of the biggest mortgage lenders in America.  True, they are probably the #1 online mortgage lender based on their recent pay per click ads on Google.  Commonly, this increases their cost of acquisition on loans originated and limits their ability to offer rates and…

Not every lender has the same HARP loan rates and qualifying requirements for homeowners in Florida.  Some lenders cap homeowners at 125% loan to value, while others have no loan to value restrictions.  In layman terms, some mortgage lenders care how upside down you are on your mortgage loan and some don’t.

Whether you are a first-time homebuyer, an investor, or someone looking to find the perfect home away from home in the sunshine state, we can help you get the best possible rate with a loan solution that works for your individual circumstances.

NO APPRAISAL HARP 2.0 refinance program for qualified homeowners who have experienced a significant drop in their home value.Learn more about Harp 2.0

Shopping at least two mortgage lenders for a mortgage typically results in you obtaining the best mortgage deal.Read our mortgage shopping guide